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Quintessencelabs Raises A$25 Million To Take Quantum Safe Cybersecurity Worldwide

Oct 26, 2021•over 3 years ago
Canberra

Description

QuintessenceLabs, a pioneer and leader in quantum cybersecurity solutions, announced today that it has recently raised a A$25 million round of capital funding led by Main Sequence and TELUS Ventures, with participation from Mizuho Financial Group-backed InterValley Ventures and Terry Snow’s Capital Property Group. This investment underscores QuintessenceLabs’ commitment of providing quantum safe crypto solutions and services to support security communities worldwide. Main Sequence is Australia’s deep tech investment fund, founded by Australia’s national science agency, CSIRO. TELUS Ventures is the strategic investment arm of TELUS Corporation and one of Canada’s most active and longest-standing corporate venture capital (CVC) funds.

Company Information

Company

Quintessence Labs

Location

Canberra, Australian Capital Territory, Australia

About

QuintessenceLabs, a global leader in quantum cybersecurity, offers a suite of unrivaled cybersecurity solutions and services for today and tomorrow, including their flagship product the Trusted Security Foundation (TSF). The TSF is the industry’s most secure key management platform, incorporating the security of a FIPS 140-2 Level 3 hardware security module (HSM) with advanced key and policy management (KMS), and qStream, the world’s fastest quantum random number generator (QRNG), delivering the strongest foundation for encryption and data security. QuintessenceLabs continues in the advancement of quantum cybersecurity with their latest quantum-safe solution, qOptica Quantum Key Distribution (QKD). For more information on QuintessenceLabs, visit www.quintessencelabs.com, or follow the company on LinkedIn at https://www.linkedin.com/company/700055/admin/.